page contents
Wednesday , 29 March 2017

Monthly Archives: September 2016

Sotheby’s announces sale of landmark Integral House in Toronto

Becoming a multi-millionaire by writing math textbooks for high school and university students must be one of the more unpredictable life paths. Imagine some super-bright kid in a high school calculus class looking impatiently at his textbook and thinking, “I could explain this stuff better, and probably become fabulously wealthy doing it.” It didn’t happen quite that way for James Stewart of Toronto—he was actually approached by some of his students after he had begun teaching math at McMaster University, and asked to write a textbook because his lecture notes were better than the calculus textbook used for the course. But he did become wealthy from the books, more than ... Read More »

Search data shows disconnect between available homes and what people want

Fact: the average price of a resale home in Canada in August was $456,722 according to the Canadian Real Estate Association. So, if 60 per cent of online home searches in Canada are carried out by women in their twenties and early thirties looking for homes with three or four bedrooms and priced in the $300,000–$400,000 range, what does this tell us about these women, and about Canadian home buyers in general? That they are incredibly optimistic? Ill-informed? That their searches are basically frivolous? Or is there some other explanation as to why they should appear to be so far from reality when dreaming about owning their own home? A ... Read More »

Will cyclists be safer on the roads when self-driving cars are the norm?

The relationship between drivers and cyclists on the streets of Toronto is not always tension free. Many of the problems that do arise, including collisions, result from human error: the driver was distracted; the cyclist assumed the driver would cede right of way; pedestrians got in the way. With the age of the autonomous vehicle (AV) fast approaching, however, it is possible that road conditions for cyclists will actually improve. Self-driving cars, it could turn out, are more aware of their surroundings and better equipped to respond than the old-fashioned human-driven cars of yesterday. Google, for example, has been working on and road testing its own AV for several years ... Read More »

Americans positive about home buying but ill-informed about down payments

The majority of Americans believe that now is a good time to buy a home, and that belief increases with age. While 62 per cent of people younger than 34 believe this, 78 per cent of those over the age of 65 believe it. The strength of the conviction also depends on household income (which tends to correlate with age). Altogether, adjusting for regions and ages and incomes, 71 per cent of Americans think now is a good time to buy. Conversely, 29 per cent do not believe this is a good time to buy a home. Then why are so few younger Americans buying that first home? What troubles ... Read More »

High-end housing market heating up in Toronto, cooling in Vancouver

There are more signs that Vancouver’s high-end real estate market is beginning to cool, while Toronto’s is taking up the slack. Average home prices for detached properties in Vancouver were down 11.6 per cent in August compared to July, according to an update from Sotheby’s International Realty Canada. In the million-dollar-plus category, sales in Toronto in July and August were up 55.2 per cent, but down 44.3 per cent in Vancouver, compared to one year ago. Sotheby’s CEO Brad Henderson said that sales were already slowing in Vancouver in July, even before the new 15 per cent foreign-buyer tax took effect on August 2. That tax, Henderson said, “stunned” the ... Read More »

Scroll To Top